Bald Eagle, is that YOU buying in?
You did suggest you might be doing so.
Bids are building on the AUMC side
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Which broker are you using for the quotes?
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Mdmn trading at a premium to AUMC (200*.0043)= $0.86
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ETrade B/A is .0043 (46k) Bid and .0044 (193k) Ask (a minute ago).
NOW it’s .0042 (1 million sh) and .0043 (166k)
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Zotron. Well done. I think this is a reasonable model if they can execute over the next year. The only tweak I may suggest…even though the grades (28gpt) are high, the cost to produce (AISC) are likely going to be higher than $700-$800oz given the small scall of the operation. My guess is closer to $1000-$1200oz but I could be wrong.
You need to pay back the outstanding loan before money is actually distributed and this would assume no money going back into the project but your math looks doable to me
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Ha. Not me but it almost looks like the shell acquisition is back in play on MDMN. Understanding the company took action to avoid that but any buying of this “asset” should start with AUMC vs. the other way around (MDMN). IMO
I disagree. Only 5% of Aumc is free trading.
If the empty shell has value after the share distribution, all the more reason to buy MDMN!
That and the fact that it will be difficult to buy a sizeable position in AUMC at a reasonable price given the tight float offers logic that we see MDMN move just as fast if not a little bit sooner than AUMC.
JMO
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MDMN clearly provides more liquidity but, as a guess, anybody who’s establishing a position and has done their homework will be a lot more comfortable buying AUMC. Even if one is 100% confident in the ulitimate dividend (in the face of questionable explanations for the delay) MDMN’s position in AUMC is shrinking each month as expenses accrue. Not sure if liquidity supercedes transparency on what one is actually buying.
If you make the assumption that MDMN is running on fundamental news you also need to ask yourself what that news might be…starting production, hitting the DL vein? These would be welcome developments but the company already guided to those milestones earlier in the year so the market should have assumed the same (until receiving guidance in the last update)…penny stocks are fickle beasts
For what its worth…MDMN is trending on Twitter, there’s a guy with 3k+ followers (
Follow
Slfairless)who seems to be pitching the investment based on capped outstanding shares and $12M in assets (AMNP, AUMC)…
It’s a brave new world
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I think the Baumann’s are still lurking and are getting a double bang for their buck. Simple DD for them to know that MDMN becomes that empty shell soon. Plus they get the AUMC share dividend which has real value.
Good catch Baldy. Love to know who is doing all the selling, Slfairless?
I sold some and bought some AUMC on the last couple of runs. Sometimes I’ve gotten better than 1:200 sometimes worse. Have to be patient for the right prices though as there just aren’t a lot of shares that come out on AUMC.
Mm’s called NITE in for reinforcement. If the trending continues and the mm’s are severely short, this could get very very interesting
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Very few AUMC shares being shaken loose. 2020 Annual Report had only 3,989,277 shares in the public float. A rally on good news should rally both AUMC and MDMN.
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Some photos today from Auryn twitter account
https://twitter.com/aurynmining/status/1448003583585177604?s=20
Now Wizard, I’m the FIRST one to agree with you that we could potentially shoot the moon here (well, maybe right behind Brecciaboy), but you DO know there are some around here who don’t like it when you start getting frisky about stuff like that, right?
Hahahahahahaha!
It sure does feel good to finally be in a spot where we might all profit from this … situation.
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Looks like there is actually collection of them promoting Medinah. Here are a few more:
@Jcazz17 22,800 followers
@TickerBellDust 9000 followers
@DBTradePicks 9200 followers
@BrianLanning8 7100 followers
@PennyKing130 2000 followers
@NicoleTradesOTC 2500 followers
We probably reach…what a 100 people here at most? 
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The new rules for pink sheet issuers along with the stiffer rulers for brokerages in an effort to root out nss bodes very well in general for pink sheet stocks in “current” status.
For the ones who have legitimate potential as is the case for AUMC and MDMN, we may get some very nice action. The timing seems to be ripe. Traders are clearly sniffing opportunity in the pinks because of this brand new environment. Very interesting to see how things play out. It would be great to see MDMN hit .01. Maybe we can go for a gamestop type ride! 
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